Altamont Capital Partners made an undisclosed investment in Key Container Corporation, a corrugated box manufacturer based in New England, US.
The funding will be used to enable Key Container to expand its operations within the region.
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The company supplies custom and speciality corrugated packaging to clients in the Northeast. It was established in 1959 by Jack Sundel and Richard Strauss.
The business remains family-run, with David Strauss currently serving as president and his son Matthew working as sales manager.
David Strauss said: “We are excited to partner with Altamont as we continue to support our customers with their packaging needs.
“Altamont’s proven growth playbooks and experts within their network will strengthen existing operations, enable new customer relationships and future expansion, and support our goal of providing our customers with the whole package.”
Advisory roles for the transaction were held by Jefferies Financial Group for Altamont and TM Capital, a division of Capstone Partners, for Key Container.
Altamont operating partner Billy Medof said: “Over the past six decades, Key Container has established itself as a regional manufacturing leader. Ever-changing customer needs require that packaging suppliers stay nimble, capable, reliable, and customer-first.
“We believe Key Container, with its top-notch facilities, operations, and customer service, is well-positioned in today’s evolving market, and we’re excited to work in lockstep with David and the team to support the company’s transformation and growth.”
In 2021, Altamont Capital Partners added Specialized Packaging Group (SPG) to its portfolio.
SPG operates through its IVEX and engineered packaging divisions and supplies protective packaging products across North America.
